Price Boat Trading

I post the original of the "PriceBoat" indicator here because some users use the version for Magic100 and have written to me some PMs about it.
I don't want the thread of much valued @Minotawr to be burdened with this trading variant, so I only ask to post any trades here.

The indicator is intended for lazy and old traders on D1, H4 who have no fun for scalping.
At your own responsibility for health, you can also trade on H1, M30 or M15 ...
The indicator is still under development and will make some additions.

The essentials at the moment are the trading levels in the direction of the trend, and those who pay attention will recognize the advantages ...!
- The levels are at least Factor*ATR apart, so that e.g. as TP can take this value into account.
- The fast MA changes color depending on the position of the Close MA compared to Open MA.
- The slow MA corresponds to the trading direction depending on the position of the bar close.

- As a first strategy you can take SL and TP = Factor*ATR.
Because there is a sudden candle reversal, especially at the end of a trend, I would install a small hedge with 2*Lots after -0.50*Factor*ATR. So you can either bring the loss for the SL to zero, or accept the loss. There is an EA to analyze that and will post it later.
- Breakeven can be set after +0.50*Factor*ATR. Sometimes it's an advantage, sometimes not.

- If you want to use a trailing stop, you can do that of course. I currently like the idea that can be seen in the "FX Mantra" indicator (Google ...).
Later I will post my own version of this indicator.

For the "Draw_Patterns" parameter we have:

Signals for "Fractal Pattern (1x1)"

Attached Image (click to enlarge)

Signals for "Smash Bar Pattern"


Signals for "Reversal Bar Pattern (Magic100)"


Signals for "All Patterns"


FX mantra indicator - Recommended for TrailingStop

Thanks - it's interesting
Does it repaint?

I'm sorry, but I can't answer such questions, I don't have the time for something like that.
If someone actively tests this or other indicators and wants to use them, they should find the answers themselves.

Only then should one make comments or suggestions and post at least a few charts so that I can see what it is about.

Closely watching Mr. Swingman's action.

Thanks swingman

A possible triple screen trend identification:

With these I would have searched short

Sure.
Here's another short late night trade ...


Long trades today on EURUSD...

you can explain your entry exactly

In a very appreciated thread I found a current GBPJPY,H1 Waves analysis from an absolute expert.

I am sure that if we have read the books by Elliot, Neely and currently the "Five Waves" by Ramakrishnan, we will also be able to do a similar analysis.
In my youth I could do that too, but now I'm too lazy and can achieve the same entry in a few seconds, and not after 10,000 hours of study ...

i think its very interesting strategy
is this 100% accurate or not

thank you

Swing Trading is one of the best techniques available for a trader. Here is the swing trading scalping Dow..

Eu , hammer

Nothing is 100% accurate...you just have to stay in the game, cut your losses and let your profits run. Risk Reward ratios of 1:2 and higher is all you need and a 60% win rate to make money. Consistency is all you need and trade 1-2 pairs depending on your time frame, more if you trade 4hrs or higher. Swing Mans indicators give you a edge over trying to read the naked chart or over analysed with 2 many indicators on a chart. Learn to read the chart with SM indicator, go back and check set ups and see what happens.

the arrow circles have a meaning ?

A new indicator "smMagicGator Signals_v1.0"
to test the Magic100 Pattern (@Minotawr)

- The trend is determined by the close position to the alligator
- Using an idea of a member in the Magic100 thread (@Doom911), one can test whether entrys at the end or in the middle of the bars are usable.

For sure.
See the charts in #Post 1 and then the parameters

Where is any explanation for this idea?